Slight Rise for Construction Job Openings
…lots and lumber and building materials to add inventory. Hiring in the construction sector ticked down to a 5.2% rate. The post-virus peak rate of hiring occurred in May 2020…
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Metro Area Populations Exhibit Minimal Growth From 2020
…change by more than 1.25%. Possible future studies from the MSA-level population changes include examinations of various housing aspects in the areas, e.g., building activity, housing-related demographic attributes, homeownership, etc….
March Gains in Private Residential Construction Spending
…estimates. Spending on improvements rose 1.1% in March after a dip in February Multifamily construction spending slipped 0.5%, but it was 3.9% higher than a year ago. Home building is…
Housing Share of GDP Edges Higher at Start of 2022
…the second quarter of 2020. For the first quarter, the more cyclical home building and remodeling component – residential fixed investment – increased to 4.8% of GDP. Home construction will…
New Home Sales Fall on Higher Rates
New single-family home sales declined in March as mortgage rates jumped to the highest levels since the start of the pandemic. Per Freddie Mac, the 30-year fixed rate mortgage was…
Builders’ Profit Margins Fall as Balance Sheets Grow
…reference points, NAHB periodically conducts the Builders’ Cost of Doing Business Study – a nationwide survey of single-family builders designed to produce exactly those profitability benchmarks for the home building…
Buyers’ Perceptions of Housing Availability Fall Back to 2018 Levels
…2018. Inventory perceptions have worsened across the country. From peak to now, the share of buyers seeing more homes on the market dropped in the Northeast (48% to 27%), Midwest…